This single-story, four-unit apartment building features two-bedroom, one-bath units, each with its own spacious backyard and front patio courtyard. Situated on a corner lot, the property offers added privacy. Every unit includes a one-car garage with washer and dryer hookups, and two units provide direct interior access. Long-term tenants currently pay below-market rents, projected to generate over $93K(+/-) in annual gross income. With minimal operating expenses, the property's projected net operating income is expected to exceed $74K(+/-) per year, yielding an impressive cap rate of over 8%(+/-). One move-in ready unit is vacant until the saleideal for owner-occupant buyers looking to secure both a home and an investment property. The property is connected to a public sewer and currently uses a shared well, but it has been approved for annexation into the City of Santa Rosa for public water. Priced at just $225,000 per unit, this offering presents an exceptional investment opportunity for both investors and first-time buyers alike.
Closed
$960,000
151 - 157 Eddy Drive, Santa Rosa, CA 95407
8beds
2,912sqft
Quadruplex
Built in 1970
-- sqft lot
$969,000 Zestimate®
$330/sqft
$2,331 Estimated rent
Home value
$969,000
$872,000 - $1.09M
$2,331/mo
Zestimate® history
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$2,331/mo
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$5,946/mo
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Est. payment
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List your homeWhat's special
Zillow last checked: 7 hours ago
Listing updated: April 04, 2025 at 09:04am
Listed by:
Aaron Pardo DRE #02075596 707-303-5695,
Compass 707-547-3800
Bought with:
Niteen Sharma, DRE #01322352
Matrix Real Estate
Source: BAREIS,MLS#: 325016476
Originating MLS: Sonoma
Originating MLS: SonomaFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Varies By Unit
- Laundry: In Unit, Washer/Dryer Hookups, Other
Features
- Unit 1 - Beds: 0, Baths: 0, Square Footage: 2912 | Unit 2 - Beds: 8, Baths: 4, Square Footage: 2912 | Unit 3 - Beds: 0, Baths: 0, Square Footage: 2912 | Unit 4 - Beds: 0, Baths: 0, Square Footage: 2912
Interior area
- Total structure area: 2,912
- Total interior livable area: 2,912 sqft
Property
Parking
- Total spaces: 8
- Parking features: Garage
- Garage spaces: 4
Accessibility
- Accessibility features: None
Features
- Levels: One
- Stories: 1
- Fencing: Fenced
Lot
- Size: 0.30 Acres
- Features: Corner Lot
Details
- Parcel number: 043182004000
- Zoning: R3
- Special conditions: Offer As Is
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Ranch
- Property subtype: Quadruplex
Materials
- Ceiling Insulation, Stucco
- Foundation: Slab
- Roof: Composition
Condition
- Year built: 1970
Utilities & green energy
- Electric: Separate Meters
- Gas: Separate Meters
- Sewer: Public Sewer
- Water: Shared Well, Well
- Utilities for property: Cable Connected, Internet Available, Natural Gas Connected
Community & neighborhood
Security
- Security features: Carbon Monoxide Detector(s), Double Strapped Water Heater, Smoke Detector(s)
Location
- Region: Santa Rosa
- Subdivision: Moorland Sub
HOA & financial
HOA
- Has HOA: No
Price history
| Date | Event | Price |
|---|---|---|
| 4/4/2025 | Sold | $960,000+6.7%$330/sqft |
Source:  BAREIS #325016476 Report a problem | ||
| 4/4/2025 | Pending sale | $900,000$309/sqft |
Source: BAREIS #325016476 Report a problem | ||
| 3/13/2025 | Contingent | $900,000$309/sqft |
Source: BAREIS #325016476 Report a problem | ||
| 2/27/2025 | Listed for sale | $900,000$309/sqft |
Source: BAREIS #325016476 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 95407
Nearby schools
GreatSchools rating
- 3/10Bellevue Elementary SchoolGrades: K-6Distance: 0.9 mi
- 1/10Hilliard Comstock Middle SchoolGrades: 7-8Distance: 4.2 mi
- 2/10Elsie Allen High SchoolGrades: 9-12Distance: 0.9 mi
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- California
- Sonoma County
- Santa Rosa
- 95407
- 151 - 157 Eddy Drive